Governments vested interest in maintaining property price growth

There are many large and powerful institutions that have a vested interest in rising property prices. But all levels of government (i.e., federal, state and local) probably have the most to gain, as I’ll explain in this blog. This leads to two important observations. Firstly, the government is the main contributor to housing affordability pressures i.e., making housing less affordable. Secondly, government tax revenues are dependent upon rising prices and demand for property. I do...